Earthquake Viewpoint Part 2

Following the 2016 earthquake, Wellington has been operating in a turbulent environment due to the scale of the damage throughout the city. Many buildings remain closed, and many of these buildings have futures which are unknown, not only to the public, but also to the owners, landlords and tenants. Regardless of the uncertain future, we know that there has been a large reduction in vacant space within the city due to building closures and tenant displacement. The vacancy reduction was almost 70,000sqm throughout the Core CBD, Thorndon, and Te Aro.